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Giza-based eCommerce tech startup Kemitt has secured an undisclosed six-figure amount in funding from a group of Saudi Angel investors.
Kemitt has secured an undisclosed six-figure amount in funding
The funding will be utilised by the Egypt tech startup to expand and grow its operations, further develop its technology and enter new markets in the region starting with Saudi Arabia.
Mahmoud Fouad, co-founder, and CEO at Kemitt comments on the investment, indicating that the startup will utilise the funding to expand and scale up its operations.
“We are very excited about the opportunity that This investment gives us, it will enable us to scale up our operations and expand to new Markets! We invest in technology to drive growth, and we have prioritized solving logistical pain points to ensure a smooth journey from the factory to the customer’s home. We believe that digitizing the furniture industry in the region is crucial for the local economy. After all, Our goal is to put Kemitt as a first choice when you consider furniture shopping.”
Founded in 2018, Kemitt is an eCommerce platform that sells a range of furniture and design products for consumers.
As a platform, Kemitt enables product designers to sell their uniquely-made furniture products online and increase their overall revenue by reaching new online customers.
The eCommerce tech startup claims to offer customers access to over 15 000 SKU, with on-demand manufacturing and delivery. Delivery can take up to 7 – 12 days. Kemitt has digitised the furniture shopping experience and offers payment and financing plans for customers.
Featured image: Kemitt team (Supplied)